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Methane-Trapping Ice May Have Triggered Gulf Spill

sciencehabit writes with an excerpt from Science that begins: "Methane-trapping ice of the kind that has frustrated the first attempt to contain oil gushing offshore of Louisiana may have been a root cause of the blowout that started the spill in the first place, according to [UC Berkeley] professor Robert Bea, who has extensive access to BP p.l.c. documents on the incident. If methane hydrates are eventually implicated, the US oil and gas industry would have to tread even more lightly as it pushes farther and farther offshore in search of energy."

39 of 341 comments (clear)

  1. Spill baby spill! by BlueKitties · · Score: 4, Insightful

    Yeah, so I'm trolling, wanna fight about it? But in all seriousness, this is why I'm against sudden rapid expansions of industry into sensitive environmental areas.

    --
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    1. Re:Spill baby spill! by interkin3tic · · Score: 5, Insightful

      this is why I'm against sudden rapid expansions of industry into sensitive environmental areas.

      Article says "Drillers have long been wary of methane hydrates because they can pack a powerful punch. One liter of water ice that has trapped individual methane molecules in the "cages" of its crystal structure can release 168 liters of methane gas when the ice decomposes."

      Doesn't exactly sound like this was a new and unforseen problem, it doesn't sound like this happened because we were being hasty. It sounds like it happened because they were on some level being stupid and ignoring a well-known risk. In my book, that's an even stronger reason not to drill. We've known about that for a long time and the oil companies -still- haven't made sure this can't happen? These are not people who should be making potentially environment-altering decisions for the rest of us.

    2. Re:Spill baby spill! by Shakrai · · Score: 5, Interesting

      One liter of water ice that has trapped individual methane molecules in the "cages" of its crystal structure can release 168 liters of methane gas when the ice decomposes."

      I wonder if that can be harnessed as an energy source?

      --
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    3. Re:Spill baby spill! by jbengt · · Score: 5, Informative

      Article says "Drillers have long been wary of methane hydrates because they can pack a powerful punch.. . . " . . . Doesn't exactly sound like this was a new and unforseen problem, . . .

      The drilling is taking place in deeper and deeper water. Deep waters have high pressure and the low temperature. Both of these make formation of methane clathrates more likely. The high pressures a mile beneath the ocean surface also make it easier to dissolve gas in the oil. Avoiding pipeline blockages and explosive decompressions is not trivial. To the extent the industry is pushing the limits of what has been done before (and they are pushing limits of depth) they can be surprised by details that they haven't encountered before.

    4. Re:Spill baby spill! by Lars+T. · · Score: 4, Interesting

      this is why I'm against sudden rapid expansions of industry into sensitive environmental areas.

      Article says "Drillers have long been wary of methane hydrates because they can pack a powerful punch. One liter of water ice that has trapped individual methane molecules in the "cages" of its crystal structure can release 168 liters of methane gas when the ice decomposes."

      Doesn't exactly sound like this was a new and unforseen problem, it doesn't sound like this happened because we were being hasty.

      But it does sound like a sudden rapid expansion. And it sure does sound that the problem was hastily ignored, because preventing it simply cost too much money.

      The good news is that there will be a charity concert in New Orleans, so BP won't have to pay so much money to their victims.

      --

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    5. Re:Spill baby spill! by danlip · · Score: 5, Insightful

      The problem is that #4 is ofter #1 in disguise, i.e. nothing much happens to make the transition. And no one is really advocating #2 or #3, they're just used as the bogeyman by the people trying to stop the real #4.

    6. Re:Spill baby spill! by budgenator · · Score: 5, Interesting

      "This well had been giving some problems all the way down and was a big discovery. Big pressure, *16ppg+ mud weight*. They ran a long string of 7" production casing - not a liner, the confusion arising from the fact that all casing strings on a floating rig are run on drill pipe and hung off on the wellhead on the sea floor, like a "liner". They cemented this casing with lightweight cement containing nitrogen because they were having lost circulation in between the well kicking all the way down. The calculations and the execution of this kind of a cement job are complex, in order that you neither let the well flow from too little hydrostatic pressure nor break it down and lose the fluid and cement from too much hydrostatic. But you gotta believe BP had 8 or 10 of their best double and triple checking everything. On the outside of the top joint of casing is a seal assembly - "packoff" - that sets inside the subsea wellhead and seals. This was set and tested to 10,000 psi, OK. This was the end of the well until testing was to begin at a later time, so a temporary "bridge plug" was run in on drill pipe to set somewhere near the top of the well below 5,000 ft. This is the second barrier, you always have to have 2, and the casing was the first one. It is not know if this was actually set or not. At the same time they took the 16+ ppg mud out of the riser and replaced it with sea water so that they could pull the riser, lay it down, and move off. When they did this, they of course took away hydrostatic on the well. But this was OK, normal, since the well was plugged both on the inside with the casing and on the outside with the tested packoff. But something turned loose all of a
      sudden, and the conventional wisdom would be the packoff on the outside of the casing. Gas and oil rushed up the riser; there was little wind, and a gas cloud got all over the rig. When the main inductions of the engines got a whiff, they ran away and exploded. Blew them right off the rig. This set everything on fire. A similar explosion in the mud pit / mud pump room blew the mud pumps overboard. Another in the mud sack storage room, sited most unfortunately right next to the living quarters, took out all the interior walls where everyone was hanging out having - I am not making this up - a party to celebrate 7 years of accident free work on this rig. 7 BP bigwigs were there visiting from town. In this sense they were lucky that the only ones lost were the 9 rig crew on the rig floor and 2 mud engineers down on the pits." TRANSOCEAN DEEPWATER HORIZON EXPLOSION-A DISCUSSION OF WHAT ACTUALLY HAPPENED? Reply by Garry Denke on May 4, 2010 at 6:06pm

      The "kicks" he's talking about are pressure surges from gas in the well, so everybody knew what the well was doing because it was kicking all the way down, so no surprises there. The well was drilled, Halliburton was contracted to cement the casing which was done and tested and they were pumping out the mud from the riser pipe and filling it with seawater when the explosion occurred. The riser pipes is rated for 15,000 PSI and have a 3.5 million pound load-carrying capacity, between these riser pipes and the blowout preventer is a connector device rated for 7 million foot-pounds of bending load capacity. Right now this riser pipe comes out of the well head goes up 1500 feet and is bent over and the free end is now buried in the seabed. I don't see where they were cutting costs too much. Deepwater Horizon would probably have disconnected from the well and moved on in a day or two if there hadn't been an explosion.

      --
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    7. Re:Spill baby spill! by thegarbz · · Score: 4, Insightful

      The problem is that #4 is ofter #1 in disguise

      You deserve every mod point I have. People are instinctively reacting to the news of the disaster. They do this all the time. OOOHH there's a spill leaking out huge amounts of oil, EVIL oil companies, BAD oil companies, this would NEVER happen if we would just all switch over to alternative energy sources.

      I have seen the Exxon Valdez quoted time and time again in comments here on slashdot. All I can say is wake up and expand your horizons people. Look outside the oil industry. If you want to judge human progress look at all major accidents. No one wanted to make Chernobyl melt. No one wanted to cause problems at 3-mile island. Yet while driving home from work in a Ford F250 drinking water from plastic bottles people are muttering about the evil oil companies, whereas the simple fact is as human technology evolves there will be accidents, there will be situations that have not yet been encountered before, and there WILL be dire consequences.

      Or maybe I'm wrong. Maybe this is the last accident we'll ever see. Maybe there will be no more death from mining, maybe environmental destruction from bitumen mining in Canada (honestly this puts the BP spill to shame except that it comes with a government granted licence) will stop tomorrow. ...

      A far more likely scenario is that in 50 years when the world is running of clean efficient fusion power there will be an industrial accident that will remove a small country from the world maps, and then here on slashdot with it's shiny new web 5.0 interface we can discuss how it's unsafe and we should be moving to a new source of energy.

  2. interestingly, themselves sometimes touted by Trepidity · · Score: 4, Interesting

    Since these methane hydrates contain a significant amount of methane (i.e. natural gas), in the years since it was discovered that there are large deposits of them, they've periodically been touted as something we should actively drill for, as e.g. in this 1997 PopSci article.

    1. Re:interestingly, themselves sometimes touted by je+ne+sais+quoi · · Score: 4, Insightful

      Yeah but they never get past the "touted as the next best thing" and graduate to the "best thing". The issues are precisely what is the problem with the dome on the deepwater horizon well -- the clathrates (gas hydrates) clog everything. Also, since they're a solid phase, they don't flow very well while trying to extract them. You can try heating sections of subsurface to thaw them, and you get some, but then they freeze again on the way up to the surface. You can try reducing the pressure to inhibit freezing, but then you're also reducing flow. As far as I know, to date there's only one well that's ever actually produced any significant amount of gas from the clathrates and that was essentially a fluke since the clathrates were sitting just below a traditional gas reservoir and as the gas came up from that, the clathrates sublimated and boosted the pressure slightly.

      --
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    2. Re:interestingly, themselves sometimes touted by mr_mischief · · Score: 4, Interesting

      If it's methane gas that will otherwise be freed to the atmosphere, it's much better to burn that for fuel than to free it and drill for oil under it. Methane is a much more powerful greenhouse gas than carbon dioxide, by about 80 times.

    3. Re:interestingly, themselves sometimes touted by ArcherB · · Score: 4, Informative

      ya know, I hear this all the time but no-one ever provides a citation. Do you have a citation? (don't go look one up, you said it with such authority, you should have one already).

      I don't know if you are trying to be funny or if you are just too lazy or stupid to google it yourself. Either way, I took the liberty of doing it for you. I typed in "Methane greenhouse gas" (no quotes) in the google box and pressed enter. The first link, first paragraph showed me this:

      Methane

        Methane (CH4) is a greenhouse gas that remains in the atmosphere for approximately 9-15 years. Methane is over 20 times more effective in trapping heat in the atmosphere than carbon dioxide (CO2) over a 100-year period and is emitted from a variety of natural and human-influenced sources.

      From now on, I expect you to be a big boy and find your own citation.

      Seriously, if you were trying to be funny, then I guess the joke's on me because I don't get it. I'll be an optimist and hope that a Slash reader and contributer would know better. Allow me to "woosh" myself in the hope that it truly was a joke.

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    4. Re:interestingly, themselves sometimes touted by falconwolf · · Score: 4, Informative

      If someone actually comes up with a feasible, scalable alternative to fossil fuels, the switch to using that idea would just take care of itself due to market forces.

      Only if that were true, but it's not. Those who use fossil fuels get to pass on the external costs to others. One way to make polluters pay is by taxing carbon. But of course some complain that that harms businesses or people. Are you one of them?

      And that's only half of it. Fossil fuel supporters complain about how alternative energy sources get subsidies. Well, guess what? So do fossil fuels. Here's Rep. Edward Markey (D-MA) bragging about how his bill 'Has Huge Subsidies For Clean Coal! Huge!'. He starts by saying the Nuclear Power industry has received $145 Billion in federal subsides over the years. But combined solar and wind have only gotten $5 billion. In another video the CEO of Chevron agrees to lobby with Sierra Club to end coal subsidies. Those subsidies for nuclear power above? The Freemarket CATO institute reprinted a "Forbes" article printed on 26 November 2007 about how the Nulear Power Industry is Hooked on Subsidies. Among other things it says "How do France (and India, China and Russia) build cost-effective nuclear power plants? They don't. Governmental officials in those countries, not private investors, decide what is built. Nuclear power appeals to state planners, not market actors." In 2007 in the US all alternative energy sources including the $3.0 Billion corn based ethanol got, when corn is not a good feedstock for ethanol, got $4.875 Billion dollars. Subtract that $3 Billion and geothermal, solar, wind, and others only got $1.875 Billion. Coal got $3.760 Billion. Itself, oil has gotten the majority of federal energy incentives.

      What is happening is the government and not a free market is picking winners and losers. The government should end all subsidies, including allowing industries to pass external costs to others, and let the different players compeat.

      Falcon

  3. Re:Farther offshore? by maxume · · Score: 5, Informative

    Depth, pressure.

    --
    Nerd rage is the funniest rage.
  4. Re:Farther offshore? by T+Murphy · · Score: 5, Funny

    Sharks, which tend to stay relatively close to shore, eat the hydrates to power their lasers. This has caused the hydrates to be in relatively low concentration in shallower areas.

  5. Re:oil leaks aren't natural? by the+eric+conspiracy · · Score: 4, Informative

    Of course we do. The Gulf is said to leak 2000 barrels a day naturally.

    Some natural leaks in the gulf of California are even bigger.

  6. Re:Arctic? by Trepidity · · Score: 5, Informative

    This doesn't really answer why it's not a problem in Alaska, but the temperatures aren't actually much different. Alaskan offshore drilling is in relatively shallow water, which at those latitudes is somewhere in the low single digits C once you get below the ice pack; while this operation in the Gulf was at about 1700 meters depth, where the temperatures are also in the low single digits C. (There's lots of complicating factors, but this graph of depth v. temperature for three different latitudes gives an idea.) There's differences in pressure, which might matter, but also big differences in geology.

  7. Re:Farther offshore? by TubeSteak · · Score: 5, Informative

    Is there a correlation between the amount of methane hydrates and the distance from shore?

    The correlation is between distance from shore and depth + temperature.
    Here's some nice graphs showing depth vs temperature for methane hydrates

    And here's a picture of seafloor depths for context

    --
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  8. Re:probably a bit ignorant here by Anonymous Coward · · Score: 5, Insightful

    Uh, dude, look around you. 99.99% of everything you eat, own, use, buy, throw away or want is brought to you by oil. *Nothing* matches it for chemical versatility, nothing else even comes close to the energy density of oil.

    It's one of our very few true energy sources. There is also hydro-electricity, nuclear electricity, and coal/gas electricity. Everything else is farts.

    You can't run our civilization on electricity alone. All air traffic would immediately and forever stop. Car traffic would essentially disappear. You'll go back to wooden sail ships (how are you gonna mine, refine and transform metal without oil? With coal? Good luck with that, *no one* is gonna want that in their backyard, except poor countries...)

    Food production depends on oil for everything. Fertilizers, harvesting, transportation, transformation and your drive to the supermarket. All oil.

    Your job, your house in the suburbs, your car? Oil.

    You want to know what your kids should learn?

    How to raise, breed and ride horses.

  9. Better Article by bill_mcgonigle · · Score: 5, Informative

    This one has more detail, and is actually really-well written. Really, an AP story with some investigative journalism. Kudos, guy, you're making your co-workers look bad. :)

    --
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  10. Re:probably a bit ignorant here by morgan_greywolf · · Score: 4, Interesting

    And, more importantly, why do we want to make drilling off the cost of Florida legal?

    I'll tell you why: it's the same reason we aren't all driving electric cars. Because the oil industry, by hook and crook, has done everything it can to make damned sure we're totally dependent on them for our transportation needs, such as buying up all the patents to make sure NIMH and Li-Ion batteries couldn't be used in cars, lobbying hard against ZEV-promoting initiatives, etc. See Who Killed the Electric Car?.

  11. Re:Arctic? by LehiNephi · · Score: 5, Interesting

    Hydrates require both high pressure and low temperature to form, along with the proper composition of water and methane. Take away any of the three, and hydrates disappear. Typically the gas/water/oil is warm enough when it reaches the surface that hydrates do not form, and by the time it cools down enough, it has already been processed so that the water and methane are no longer mixed.

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  12. Re:probably a bit ignorant here by Trepidity · · Score: 5, Informative

    Oil is really valuable, so there's a very high bar for the monetary cost of disaster to be not worth it, on a purely profits-vs-cleanup-costs basis.

    Some back-of-the-envelope estimates. Say this disaster ends up costing BP $10 billion. Say that any given rig has a 1% chance of causing a disaster of that magnitude. So we assign a $100 million amortized cost per rig, to cover the "chance this rig will catastrophically blow up". Is it still worth drilling in that case? Well, it actually barely changes the economics at all: these deep-water wells cost about $500-600 million to drill and put into production to begin with. So add to $100m to that and total costs are basically still on the same order of magnitude.

    In particular, these rigs can produce a lot of oil. BP's Thunder Horse rig in the gulf produces 250,000 barrels per day. Even if they make only $10/barrel operating profit (probably a low estimate), that's $2.5m per day in profits from the well, i.e. almost a billion dollars per year. Unless fully 10% of such wells incur $10b catastrophic cleanup costs every year, BP comes out ahead.

  13. Re:probably a bit ignorant here by je+ne+sais+quoi · · Score: 5, Informative

    "Wacko environmentalists" have absolutely nothing to do with it. The big problem with doing that is, unfortunately, there's precious little oil left close to shore. You could fill the entire U.S. coast so full of wells it looks like a pin cushion and it would hardly make a dent in the oil price. You can see the chart right here, U.S. oil production has been on a steady decline for decades and will never, ever recover, it doesn't matter how many wells you drill. Even the discovery of the north slope of Alaska and building the pipeline never got the U.S. production to recover from its 1972 peak. ANWR? Forget about it, ANWR's a blip that's laughably too little, too late. This is why the Republican chant of "drill baby drill" is so ridiculous, drilling is pointless without oil to find. We've used up most of the oil near shore, which is why BP was drilling in 5000 feet of water, it has nothing to do with environmentalists.

    --
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  14. Re:It's the BP spill, not Gulf spill. by dAzED1 · · Score: 4, Insightful

    I worry about permanently assigning blame only once those responsible decide they're going to do nothing (or next to nothing) ala Exxon Valdez. Accidents happen, and unless BP acted in gross negligence, and unless they don't put much effort in to fixing the problem, I won't be worried about permanently affixing their name to it.

    But ymmv, I'm not your spiritual leader.

  15. Re:probably a bit ignorant here by tibit · · Score: 4, Insightful

    Finally someone who sees the numbers for what they are.

    I keep saying that BP laughs all the way to the bank.

    What they are doing right now with the dome and booms is just PR stalling. They know full well that drilling the relief is the only way to fix the problem, but the public would go apeshit if they "did nothing" for 3 months. Of course the fact that they are in fact, umm, drilling the relief well is quickly lost on mostly everyone.

    The best thing we can do is buy up as much of their stock as we can. That way we can partake in their profits!

    --
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  16. You're seeing the problem by sean.peters · · Score: 4, Insightful

    Clathrates require enormous pressures and very cold temperatures to remain stable. Warm them up to room temperature... and let's just say your gas tank won't be remaining whole very long.

    1. Re:You're seeing the problem by apoc.famine · · Score: 4, Informative

      Like you said at first, they ALSO require pressure. And they're shock-sensitive. Shock, minimal temperature changes, or minimal pressure changes can make them go back into gaseous form.

      There is a ton of energy available in this form, throughout the oceans. It's a concern that the instability of these methane structures could actually cause some rapid climate change, if they're disturbed by warming oceans, current changes, etc.

      That same instability makes them damn hard to mine for energy. A number of companies and research organizations have tried, but so far, everyone that's disturbed them has watched as the methane bubbled up to the surface, and escaped into the air.

      --
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    2. Re:You're seeing the problem by Laser_iCE · · Score: 4, Informative

      I went there, CTRL+F "shelburn" and found this article on the home page.

  17. Alternative sources could compete by sean.peters · · Score: 4, Insightful

    ... if 1) we didn't massively subsidize the use of fossil fuels, and 2) the price of various forms of environmental devastation wasn't treated as an externality. Consider that the continental shelf is the property of the US government, and we have been and continue to lease the mineral rights to BP, et al, for way below market rates. And that we provide massive security services to various oil companies in the form of huge military commitments in the Middle East. And we provide an enormous interstate highway system, the cost of which is only partly offset by user fees such as tolls and gas taxes.

    Also, consider that fossil fuel extractors and consumers are essentially paying nothing for the privilege of dumping huge amounts of greenhouse gases and other pollutants into the atmosphere, even though everyone is paying the cost in the form of climate disturbances, poor air quality, etc. And that when these major spills happen, the companies involved generally get off without paying significant damages (note that after years of litigation, Exxon ended up paying a tiny fraction of the total estimated damages from the Exxon Valdez spill - local fishing and tourism industries were left holding the bag).

    Greener alternatives such as wind and solar could compete, if the true costs of fossil fuels were paid at the pump. But they're not.

    1. Re:Alternative sources could compete by oldspewey · · Score: 5, Insightful

      To badly paraphrase Noam Chomsky, capitalists are actually big fans of socialism. They love the idea of socializing harm ... it's the profits they don't like sharing.

      --
      If libertarians are so opposed to effective government, why don't they all move to Somalia?
    2. Re:Alternative sources could compete by falconwolf · · Score: 4, Insightful

      To badly paraphrase Noam Chomsky, capitalists are actually big fans of socialism. They love the idea of socializing harm ... it's the profits they don't like sharing.

      No, that's neither capitalists nor free market supporters. What those are are corporatists or Fascists.

      Falcon

  18. Re:It's the BP spill, not Gulf spill. by itlurksbeneath · · Score: 4, Informative

    And what if it turns out that, in fact, BP broke no regulations, bent no rules and this was simply something that nobody could have for-seen and no safety equipment on the planet could have withstood the pressure released from below the earth's surface? Would it be the Mother Nature spill?

    Also, I don't think a lot of you appreciate the safety culture in an offshore environment for American companies. Safety is number one. Nobody wants to die on the job, nobody wants their actions to cause somebody else's death and no company wants to tell someody's loved one they died on the job. Safety is a very serious thing offshore - for employees and employers. Following procedures, regulations, safety protocols is paramount to everything else.

    --
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  19. Article says 7665 gal/day. by Chris+Burke · · Score: 4, Interesting

    The California seafloor leaks are much larger. I don't think they know exactly how much, but this source quotes "8-80 Exxon Valdez spills", I would guess they mean annually. That's somewhere between 86.4 and 864 million gallons.

    They're talking about the total volume of oil residue contained in the down-stream sediments in the seabed, deposited over an unknown period of time. And it seems like they're talking equivalent pre-biodegraded volume, but I'm not sure.

    The statement about the rate of seepage was slightly further down:

    There is an oil spill everyday at Coal Oil Point (COP), the natural seeps off Santa Barbara, where 20-25 tons of oil have leaked from the seafloor each day for the last several hundred thousand years.

    25 tons/day * 7.3 bbl/ton * 42 gal/bbl = 7665 gallons/day.

    That's tiny compared to this spill at 200,000 gal/day.

    --

    The enemies of Democracy are
  20. compensation for vicrims by falconwolf · · Score: 5, Informative

    The good news is that there will be a charity concert in New Orleans, so BP won't have to pay so much money to their victims.

    If it ends up like Vladez oil spill BP won't have to pay anything. More than 20 years later the fish have not recovered and the fishermen have not been compensated. Heck, oil still persists, is still found. Large corporations laugh while going to the bank to make another deposit while the people pay.

    Falcon

    1. Re:compensation for vicrims by mi · · Score: 5, Insightful

      If it ends up like Vladez oil spill BP won't have to pay anything.

      The compensatory damages, that Exxon is on the hook for, exceed half a billion dollars. That's in addition to their spending on the actual clean-up...

      The Supreme Court (in a 5-to-3 vote, with your beloved David Souter writing for the majority) did remove the punitive $2.5 billion as "excessive"... But the compensatory $507 million were left standing... Yes, it took much too long. Maybe, if the plaintiffs weren't greedy (greed is only good, when you are making something, that other people want), they would've gotten their compensation 20 years earlier...

      while the people pay.

      "The people" (including The Children[TM]) also use the oil. Every day... We can't do anything without it.

      --
      In Soviet Washington the swamp drains you.
  21. Re:probably a bit ignorant here by frank_adrian314159 · · Score: 4, Informative

    I think making them pay the actual total cost of cleanup might be a better solution.

    Unfortunately, their liability was limited to $75M under the 1990 Oil Pollution Act. Of course, wanting to close the barn door after the horse has burned it down, the White House now wants to increase that to $10B, a figure slightly more in line with something that would make an oil company slow down and think about how shoddily their operations are being run.

    --
    That is all.
  22. Re:Arctic? by Nebvin · · Score: 5, Informative

    I wonder how they've avoided the problems up around Alaska or other places where it's actually cold enough for there to be ice - much less methane trapping ice.

    I'm a gas field operator in Alberta, and hydrates can be a massive problem, especially when the wells are not big enough to justify dehydrating the gas at the well site and has to flow to a central facility. Since I operate a sour gas field (contains hydrogen sulfide) the problem is even worse. At our normal field pressures the gas starts to hydrate at around 20 C (68 F) if we are not taking extra steps to control it. It is one of the biggest causes of equipment damage and injuries/deaths. I have never operated oil wells so I am not knowledgeable about how they effect production of oil, but I have read about deaths due to mishandling hydrates at the wellhead of oil wells in Alberta and BC. To reduce the rate that they form, we inject chemicals such as methanol into the gas, and have line heaters at regular intervals along the pipeline. They are a regular problem and danger.

  23. ExxonMobile doing great by jeffsenter · · Score: 5, Insightful

    Sadly, BP should hope that things work out for it the way things worked out for ExxonMobile after the catastrophe of the Exxon Valdez.

    Exxon had a drunk for a captain who crashed a poorly designed oil tanker causing one of the worst environmental disasters in history. The region's environment still has not recovered two decades later. But ExxonMobile sure has! ExxonMobile is the most profitable company in the world. From 2005-2009 the annual profit for ExxonMobile averaged $36 Billion!

    The US Supreme Court was also generous enough a few years ago to reduce the punitive damages award against ExxonMobile for the Valdez from an original jury amount of $5 Billion down to $500 Million (about five days worth of profits).